In this file:
· Cash Weaner Pig Prices Average $60.00, Down $0.03 Last Week
Looking at hog sales in August 2021 using August 2021 futures, the weaner breakeven was $75.11, up $4.84 for the week.
· National Direct Feeder Pig Report
Compared to last week: Early weaned pigs steady. All feeder pigs 3.00 per head higher. Demand moderate for moderate offerings.
Cash Weaner Pig Prices Average $60.00, Down $0.03 Last Week
By Jennifer Brown, NutriQuest
via FarmJoural's Pork - February 12, 2021
Looking at hog sales in August 2021 using August 2021 futures, the weaner breakeven was $75.11, up $4.84 for the week. Feed costs were down $1.24 per head. August futures increased $1.73 compared to last week’s August futures used for the crush and historical basis is unchanged from last week. Breakeven prices are based on closing futures prices on February 12, 2021. The breakeven price is the estimated maximum you could pay for a weaner pig and breakeven when selling the finished hog.
Note that the weaner pig profitability calculations provide weekly insight into the relative value of pigs based on assumptions that may not be reflective of your individual situation. In addition, these calculations do not consider market supply and demand dynamics for weaner pigs and space availability.
From the National Direct Delivered Feeder Pig Report
Cash-traded weaner pig volume was below average this week with 23,125 head being reported which is 45% of the 52-week average. Cash prices were $60.00, down $0.03 from a week ago. The low to high range was $50.00 - $65.00. Formula-priced weaners were down $0.55 this week at $49.55.
Cash-traded feeder pig reported volume was above average with 9,565 head reported. Cash feeder pig reported prices were $77.78, up $3.02 per head from last week.
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National Direct Feeder Pig Report
USDA Agricultural Marketing Service
Livestock, Poultry and Grain Market News
Fri Feb 12, 2021
Total Receipts 65,466
Compared to last week: Early weaned pigs steady. All feeder pigs 3.00 per head higher. Demand moderate for moderate offerings. Receipts include 50% formulated prices.
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